What Is a Common Method for Sybil Resistance besides Quadratic Voting in DAOs?
A common method is the use of non-transferable, soulbound tokens (SBTs) or verifiable credentials tied to unique real-world identities. This attempts to link one on-chain identity to one unique person, making it harder for one entity to control multiple wallets for voting.
Another approach involves proof-of-humanity systems that use social graphs or biometric verification, though these often raise privacy concerns.
Glossar
Sybil Resistance
Architecture ⎊ Sybil resistance, within cryptocurrency derivatives and options trading, fundamentally concerns the design of systems to mitigate the impact of malicious actors controlling multiple identities to gain undue influence.
Quadratic Voting
Formula ⎊ The core principle employs a cost function where the expense to cast additional votes increases quadratically, typically requiring $n^2$ tokens for $n$ votes.
Sybil Attack
Architecture ⎊ The Sybil attack, within cryptocurrency, options trading, and financial derivatives, exploits the inherent design vulnerabilities of distributed systems reliant on identity-based consensus.